Section 80A(5) cannot be invoked for denying Deduction u/s 80P even if ITR is not filed: ITAT [Read Order]

deduction - ITR - ITAT - taxscan

The Section 80A (5) cannot be invoked for denying deduction under Section 80P even if Income Tax Return was not filed, so was held by the Income Tax Appellate Tribunal (ITAT), Bangalore. The assessee, M/s. Prathamika Krishi Pattina, Sahakara Sangha Ltd is primarily an agricultural co-operative society and derives income from providing credit facilities to…

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